A bill in California aimed at allowing undocumented immigrants to access first-time homebuying loans is making progress in the state Legislature.
The bill, known as AB 1840, seeks to expand eligibility for California’s first-time homebuyer loan program, called the California Dream For All Shared Appreciation program, to include undocumented immigrants living in the state.
Recently, AB 1840 passed the Senate Appropriations Committee and is set for a floor vote in the Senate. It has already been approved by the Assembly.
The California Dream For All Shared Appreciation loan program was launched in 2023 to assist qualified first-time homebuyers with their down payments. While the program was initially designed to help low- and middle-income individuals buy homes, Assemblymember Joaquin Arambula (D-Fresno), who introduced the bill, noted that it did not clarify eligibility based on immigration status.
“The program hasn’t been clear about eligibility for undocumented individuals, and AB 1840 addresses that issue,” Arambula said in an email to KTLA.
He emphasized that anyone who meets the program’s criteria can apply for the loan. To qualify, applicants must secure a bank loan or mortgage. “AB 1840 is about providing an opportunity for homeownership, which helps families achieve financial security and stability. This, in turn, strengthens local economies and benefits all Californians,” Arambula added.
If passed, the bill would redefine “first-time home buyer” to include undocumented immigrants. The bill will need to be signed by Governor Gavin Newsom to become law.